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Author Topic: Difference between Bitcoin and real money?  (Read 110669 times)
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November 18, 2017, 12:13:23 AM
 #2001

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

I can say that bitcoin is much better than real money because the value of bitcoin is increasing while the real money is stable so i prefer to earn or hold if i get bitcoins because i know that because of holding bitcoin someday i will become rich.

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November 18, 2017, 12:21:45 AM
 #2002

Well, in terms of taxes, Bitcoins can even evade them. But depending on the countries strict measure about it. About gambling, there are so many gambling sites that accepts Bitcoins and give Bitcoins in prices as well. And these are equal to a huge amount in terms of fiat. As a matter of fact, the Trueflip lottery is giving more than 400 Bitcoins in their jackpot.

Why invest in Bitcoins? Because it is less risky and the returns of investment is very fast. In less than a year, your investment is already more than tripled. Take a look at Bitcoin's value over the months.


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November 18, 2017, 12:30:53 AM
 #2003

The difference between bitcoin and real money I think for me I easily recognized it before I start to  join bitcoin is it increase even your not doing anything while your money is not increasing and I thought that was the difference.

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November 18, 2017, 12:44:19 AM
 #2004

Ever see your dollar increase in value the same way bitcoin does? Anonymous transaction big banks not control financial economies this is just a few of the things bitcoin does.

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November 18, 2017, 03:53:07 PM
 #2005

Bitcoin is safe. Governments can block funds in banks when a financial crisis appears. I don't trust banks for my own money. Also fiat currency keeps losing its real value. Inflation is a hidden form of tax I pay while I hold fiat currency. Saving accounts may compensate my loss from inflation by paying me interest but my checking accounts in banks or my pocket money is subject to inflation. In the end, earning interest rarely protects my money from inflation. However it's not really safe to hold funds in saving accounts when a financial crisis appears and nobody can know when a financial crisis appears. When compare pros and cons, Bitcoin is better than fiat. Bitcoin is not a national currency of a country. It can not be affected by financial crisis.

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November 18, 2017, 03:54:39 PM
 #2006

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

I can say that bitcoin is much better than real money because the value of bitcoin is increasing while the real money is stable so i prefer to earn or hold if i get bitcoins because i know that because of holding bitcoin someday i will become rich.
For me, the price of Bitcoin can increases in future. As long as the Bitcoin user do not give up Bitcoin by anything, the cryptocurrency world and Bitcoin always alive with us and someday, this system can change the world help us. And you also knew more demand, more value Roll Eyes



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November 18, 2017, 03:56:36 PM
 #2007

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?

If you are only interested in earning money, then using bitcoin and crypto currency in general, you can earn more and faster than by investing in traditional assets
if that was your case that was right earning bitcoin is just like you earn money here and some and most of us are this is our intention here that we wanted to earn money so the difference between them is on how the way you can earn easily that in real world or in money this is not as easy as we know not just like in bitcoin.

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November 18, 2017, 04:00:10 PM
 #2008

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?


They are both currency, but bitcoin is not visible while real money is in form.
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November 18, 2017, 04:15:27 PM
 #2009

The difference of bitcoin in real money. In real money you have it steady in statete  amount, no matter how large that you have while in bitcoin it defends upon the price will go up or down, although it is a volatile money still there is alot difference in real money because risk is so big and more scammers waiting a chance to scam you.
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November 18, 2017, 04:15:31 PM
 #2010

The difference between bitcoin and real money is pretty obvious. That is the fact that bitcoin’s value increases from time to time. Also, it used online which we cam do with money, but takes a lot of processes and transactions made.

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November 18, 2017, 04:17:45 PM
 #2011

bitcoin are cryptocurrency and money are a currency that we can hold it for real. not like cryptocurrency we only can save it and turn it to the real money.mean it has values for the change to the real money.
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November 18, 2017, 04:20:59 PM
 #2012

There is a lot of difference first the real money is a physical money whereas bitcoin is a digital medium of exchange, the real money or fiat is centralize or its being run by central banks or federal reserved merely based on gold where bitcoin there is proof of work before you get one and its decentralize..

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November 18, 2017, 04:33:52 PM
 #2013

There is a lot of difference first the real money is a physical money whereas bitcoin is a digital medium of exchange, the real money or fiat is centralize or its being run by central banks or federal reserved merely based on gold where bitcoin there is proof of work before you get one and its decentralize..

I agree with your above differentiation.

Apart from those you have mentioned, here are my additional input:

1) Bitcoin is a class of its own unlike that of regular currencies that are circulated by central banks worldwide.

2) Bitcoin has a maximum cap of supply from the onset unlike that of regular currencies whose supply are controlled by governments through central banks.

3) Bitcoin makes no distinction on how money should be used unlike that of regular currencies which should be used in accordance with ones respective national/State laws.

How about you? Any other distinctions you can name of? 

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November 18, 2017, 08:56:16 PM
 #2014

Ever see your dollar increase in value the same way bitcoin does? Anonymous transaction big banks not control financial economies this is just a few of the things bitcoin does.
Bitcoin is a cryprocurrency and its decentralized cash and cash is likewise money you can utilize cash for organizations for shopping and for different purposes same is the situation with Bitcoin is additionally utilized for the organizations for exchange cash and for some reasons yet Bitcoin is more sheltered and secure then the cash in light of the fact that the cash can be stolen or hurt yet bitcoins can't be hurt.

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November 18, 2017, 11:24:42 PM
 #2015

Bitcoin is anonymous as cash but the difference is that you can pay for many things on-line without giving your identity this is why is different. But well, honestly is not fully anonymous but at least no everybody know your movements of money

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November 19, 2017, 09:05:41 AM
 #2016

real money can buy in an instant while bitcoin no ^_^
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November 19, 2017, 09:27:10 AM
 #2017

Bitcoin has an investment value. Bitcoins have the value of storage because bitcoin will always add value. Bitcoin is scarcity, bitcoin is not controlled by the state, so Bitcoin can maintain a certain value. Smiley

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November 19, 2017, 09:33:38 AM
 #2018

I think in addition to the difference in shape and form is definitely bitcoin prices and the exchange rate of a currency is very much different, because it is not possible exchange rate of a currency is fluctuating like bitcoin price. besides bitcoin has a global nature, meaning it can be used in any country, different from cash money that can only be used in certain countries

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Cotton Candy
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November 19, 2017, 09:40:59 AM
 #2019

I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?

If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?


The main difference on both of them is first the physical appearance, real money can be hold can be touch can be seen and feel. It can be torn apart or get wet or burned it can also be stolen from us because it is physically. Bitcoins on the pther hamd are digitally cannot be felt cannot be seen nor touch because it is a literally a virtual it is just a numbers inside the computer. But is can also be stolen from us by hackers but the bitcoins value are not stable which makes them a great investment.

SilverChromia
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November 19, 2017, 09:47:24 AM
 #2020

Between Bitcoin and real money their only difference is bitcoin is new generation of currency and bitcoin we just see it only on numbers because its digital currency not like real money that we can hold or put it on our own wallets but after all their benefits is also the same just different names and value

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